What is the official ID of this bill?

The official print number for this legislation is S 2897.

When did the legislative process begin?

The process officially started on 2021-09-29.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/s2897/BILLS-117s2897is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Who is the primary sponsor?

The primary sponsor is Sen. Burr, Richard [R-NC].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 2897

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

NIL Athletic Scholarship Taxation: New Rules for Student Athletes

Q: What are the main provisions?

Key points include: Athletic scholarships may become taxable if a student athlete earns over $20,000 annually from their name, image, or likeness (NIL). The change applies to scholarships requiring participation in an intercollegiate athletics program. New rules take effect for tax years beginning after the act's enactment date.

This act changes how athletic scholarships are taxed. If a student athlete earns over $20,000 annually from their name, image, or likeness (NIL), their athletic scholarship may become taxable. This impacts the personal finances of student athletes who benefit from new earning opportunities.

Key points

Athletic scholarships may become taxable if a student athlete earns over $20,000 annually from their name, image, or likeness (NIL).

The change applies to scholarships requiring participation in an intercollegiate athletics program.

New rules take effect for tax years beginning after the act's enactment date.

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Additional Information

NIL Scholarship Tax Act

Print number: S 2897

Sponsor: Sen. Burr, Richard [R-NC]

Process start date: 2021-09-29

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

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Source data: api.congress.gov

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NIL Athletic Scholarship Taxation: New Rules for Student Athletes

Key Questions about NIL Athletic Scholarship Taxation: New Rules for Student Athletes